A loan of $825 helped a member to buy children's clothes.


Danaya Group's story

The DANAYA group comprises four married women, two of whom live within monogamous households. The members of the group are, on average, 40 years old with five children each. They all live in Kalaban Coro, in the Cercle of Kati (second administrative region of Mali). They know one another through neighborhood ties and also through their income-generating activities at the Kalaban Coro market. They have joined the microfinance institution Soro Yiriwaso in order to boost their financial capacity and pay cash for the goods they want to purchase. This is their first loan cycle. They sell charcoal, traditional medications, wax, embroidered and damask "pagnes" (colorful West-African fabrics), condiments and children's clothes. Bintou, first from the left in the front row, plans to use her loan to buy ten sets of children's clothes. She buys clothes at the Grand Market and resells for cash or on credit in Kalaban Coro, to a customer base which mostly consists of women. Thanks to this loan, she is expecting to make an average monthly profit of 40,000 CFA francs, which will be reinvested in her business and also used to meet her family's needs. Her ambition is to buy a plot of land to build a house for her children.

In this group: Ramatou , Fatoumata , Awa , Bintou
*not pictured

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Translated from French by Kiva volunteer Sophie Narayan



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